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It might be a little bit surprising that one of my very favorite rewards credit cards actually comes with no annual fee, but it is actually true. The Chase Freedom has no annual fee, but yet delivers some very solid 5x point rewards in rotating categories making it one of my very favorites.
transferable Ultimate Reward points if you also have the Ink Bold Business Charge Card, Ink Plus Business Credit Card, or Chase Sapphire Preferred® Card.
The Chase Freedom has a permanent spot in my wallet in part because it is my oldest credit card, in part because it has no annual fee, but also because of the valuable rotating 5x bonus categories each quarter. It isn’t just a card I have in a drawer, it is a card I actively use year after year.
Here are the remaining 5x bonus categories for 2015:
April 1 – June 30:
5x on Restaurants, Bed, Bath, and Beyond, H&M, and Overstock.com purchases
July 1 – September 30:
5x on Gas Stations and more
October 1 – December 31:
5x on Amazon.com and more
You have to activate the bonus categories and there is a $1,500 cap on the 5x earning for each quarter, but that means you can get 30,000 Ultimate Reward points each year for just $6,000 in spending on an annual fee free credit card. These Ultimate Reward points can be transferred 1:1 to hotel and airline partners such as United, Hyatt, British Airways, Singapore Airlines, Marriott, IHG Rewards, Southwest and more if you also have the Ink Bold, Ink Plus, or Chase Sapphire Preferred® Card.
If you don’t also have one of those cards you can use the points at a one point = one cent value toward gift cards or statement credits. You can also use them at a rate of 1.34 cents each toward airfare even without having any of those other cards.
If you already have the card yourself, some people have had the increased offer available via the Chase Refer-A Friend website which would enable you to get 5,000 bonus points for each approved friend/family member you refer.
If I didn’t already have this card I’d be pulling the trigger given the historical levels for this sign-up bonus!
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.